Scott Rd Waterbury, CT 06705
This exceptional investment opportunity presents a portfolio of eight two-bedroom condos located in a desirable, high-income area of Waterbury, Connecticut, just a short 10-minute drive from the city's downtown. The property totals 8,704 square feet and sits on a 0-acre lot. Currently, the units are generating below-market rents, presenting a significant value-add potential for a savvy investor. Each condo boasts updated interiors and the convenience of an attached garage. Landlord responsibilities are minimized due to the comprehensive hands-off management provided by the well-maintained condo association, which handles the upkeep and maintenance of the entire complex. This makes this an ideal investment for those seeking a low-maintenance, high-return property. The asking price for this eight-unit portfolio is $1,450,000, offering a compelling entry point into the Waterbury real estate market. The property's location, coupled with its inherent value-add potential and minimal landlord responsibilities, makes it a truly unique and attractive investment opportunity. This is a chance to become the largest owner within this established condo complex.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.